Here Are The Best States To Retire, Ranked From Most Expensive To Cheapest

Published on 08/20/2019
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Ohio

The further down we go, the cheaper it is for retirees! When it comes to the cost of living, Ohio boasts of a 12 percent lower than the national average. It has a population of 11.6 million. It is in the central U.S. so traveling around the country is fairly easy. You should look into Bellbrook if you are interested in living in the Buckeye State. Retirees will be glad to hear that Social Security does not get taxed, although the average household income for people 65 and above is not very high. We recommend it if you have lots of savings because the senior citizen income averages at $42,667.

Ohio

Ohio

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Michigan

What is Michigan like for retirees? There are 9.9 million people living in the Great Lakes State. The low cost of living (12 percent lower than the U.S. average!) and the low poverty rate make it appealing. For many retirees here, Farmington is the city of choice. If you end up living in the state, do not hesitate to try out water sports during the spring and summer months. However, the tax situation might get worse in the new few years. By 2020, people 67 years old and above will have to choose between a Social Security income deduction or $20,000 of income for singles and $40,000 for couples.

Michigan

Michigan

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